Trucost and TruValue Labs have announced a partnership to provide investors with enhanced, real-time, environmental, social and governance (ESG) data.
The market for responsible finance has grown rapidly over the past 20 years, driven by awareness of the risks and opportunities of climate change. There is a growing divestment movement among investors wanting to reduce exposure to polluting, carbon-intensive business activities. But investors need good quality, up-to-date ESG data to engage with companies and inform investment decisions.
By combining Trucost’s in-depth environmental data with TruValue Labs’ real-time ESG data, investors will be able to get a complete and up-to-date understanding of a company’s environmental performance and evolving management, the two companies say.
Trucost enhances its quantitative data on company performance by engaging with companies to ensure its accuracy. Trucost’s environmental impact ratio compares the cost of company’s pollution and resource use to its annual revenue, providing a useful metric to assess environmental performance.
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The data partnership aims to leverage the relative strengths of both companies, with the agreement also including the integration of real-time Insight360 sustainability data with Trucost’s Company Engagement Report.
Earlier this year, TruValue Labs announced a major update to Insight360, which allows the tool to substantially increased its coverage, from the 500 largest companies to now over 5,000 publicly traded companies in the United States, representing all companies that are traded on the NYSE and NASDAQ exchanges.
By working together, Trucost and TruValue Labs say they will work to promote the availability of high-quality ESG data, as well as the tools required to effectively incorporate this data, to meet the demands of the investment community.
In October, the Green Electronics Council (GEC) unveiled new research carried out by Trucost that highlights the importance of advancing best circular-economy practices throughout the electronics sector. The GEC engaged Trucost in order to better understand the intersection of environmental stewardship and return on investment when natural capital considerations are included in the equation. While many individual enterprises have implemented circular-economic principles such as the incorporation of recycled content in products, little research has explored the global implications of applying those principles across the entire electronics sector.